{"id":207262,"date":"2023-12-06T12:56:41","date_gmt":"2023-12-06T07:26:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=207262"},"modified":"2023-12-06T12:56:41","modified_gmt":"2023-12-06T07:26:41","slug":"whales-reallocate-over-83-mln-xrp-as-price-plummets-below-0-62-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whales-reallocate-over-83-mln-xrp-as-price-plummets-below-0-62-crypto-news\/","title":{"rendered":"Whales Reallocate Over 83 Mln XRP As Price Plummets Below $0.62 – Crypto News"},"content":{"rendered":"

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Whale Alert, a platform offering blockchain tracking metrics, recently revealed data encompassing an increase in whale activity orbiting the XRP token, a cryptocurrency backed by Ripple Labs.<\/p>\n

Following the revelation of data, the token appeared to have gained significant traction among crypto market enthusiasts within the cryptocurrency universe.<\/p>\n

<\/p>\n

Furthermore, amid the increase in whale activity, the XRP price witnessed a marginal slump as of today, December 6.<\/p>\n

XRP Whale Transactions: A Detailed Report<\/h2>\n

As per the data unveiled by Whale Alert, two transactions transferring massive amounts of XRP caught the eyes of traders and investors alike.<\/p>\n

The first transaction showcased the transfer<\/a> of 23.80 million XRP from an unknown wallet to Bitstamp, a digital asset exchange. Interestingly, the unknown wallet, r4wf7enWPx\u20265XgwHh4Rzn, was noted making the above-mentioned transfer approximately 8 hours ago. Furthermore, as reported<\/a> by CoinGape media, the same wallet address has been observed moving colossal amounts of XRP to centralized exchanges over the past few days.<\/p>\n

<\/p>\n

In addition, the second transaction<\/a> that sparked curiosity among crypto enthusiasts transferred a whopping 60 million XRP from Ripple to an unknown wallet.<\/p>\n

As per the data, the unknown wallet address, rP4X2hTa7A\u20267XZ63sKxv3, received 60 million XRP, amounting to $37.03 million from Ripple today. Interestingly, even this wallet address has been noted receiving massive amounts of XRP in the past few days.<\/p>\n

Reportedly, the Ripple-backed cryptocurrency recently witnessed an enormous surge in whale activity over the past few days.<\/p>\n

<\/p>\n

Also read: Crypto Prices Today: Market Notes Strong Gains As BTC, Pepe Coin, HNT Rise<\/a><\/strong><\/p>\n

XRP Price Plunges<\/h2>\n

At the time of writing, the XRP price<\/a> noted a slight fall of 0.36% in the past 24 hours, evaluating $0.6182. Furthermore, the 24-hour trading volume also experienced a 17.85% decrease, reaching $1.55 billion.<\/p>\n

However, the token\u2019s price noted a weekly jump of 1.16%, as per market charts.<\/p>\n

Furthermore, Egrag Crypto\u2019s recent analysis of the Ripple-backed cryptocurrency suggests a potential significant price surge based on a bullish crossover between the 21 EMA and 55 MA in the 2-week chart of XRP\/USD.<\/p>\n

The analyst emphasizes the importance of two key weekly candles following this crossover for decoding the token\u2019s trajectory.<\/p>\n

Also read: <\/strong>Bitcoin Ordinals And BRC-20 Will Cease To Exist, Says Bitcoin Core Dev Luke Dashjr<\/strong><\/a><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Whale Alert, a platform offering blockchain tracking metrics, recently revealed data encompassing an increase in whale activity orbiting the XRP token, a cryptocurrency backed by Ripple Labs. Following the revelation of data, the token appeared to have gained significant traction among crypto market enthusiasts within the cryptocurrency universe. Furthermore, amid the increase in whale activity, […]<\/p>\n","protected":false},"author":2,"featured_media":158756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-207262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/207262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=207262"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/207262\/revisions"}],"predecessor-version":[{"id":207264,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/207262\/revisions\/207264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/158756"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=207262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=207262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=207262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}